Hillman Solutions Corp (NASDAQ:HLMN - Get Free Report) shares reached a new 52-week low on Wednesday . The company traded as low as $6.97 and last traded at $7.01, with a volume of 4313406 shares trading hands. The stock had previously closed at $7.57.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Robert W. Baird cut their price objective on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Wednesday. Barclays reduced their price target on Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Baird R W downgraded Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. Finally, Benchmark reaffirmed a "buy" rating and issued a $16.00 target price on shares of Hillman Solutions in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $11.25.
Check Out Our Latest Stock Analysis on Hillman Solutions
Hillman Solutions Stock Up 1.6 %
The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 89.26 and a beta of 1.67. The stock has a 50 day moving average of $8.44 and a 200 day moving average of $9.75.
Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $359.34 million during the quarter, compared to analyst estimates of $358.14 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The business's revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 EPS. As a group, analysts expect that Hillman Solutions Corp will post 0.58 earnings per share for the current fiscal year.
Institutional Trading of Hillman Solutions
A number of institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC grew its position in shares of Hillman Solutions by 326.8% during the 3rd quarter. Barclays PLC now owns 305,468 shares of the company's stock valued at $3,226,000 after buying an additional 233,894 shares during the last quarter. Nordea Investment Management AB acquired a new position in Hillman Solutions in the fourth quarter valued at approximately $4,631,000. Harbor Capital Advisors Inc. grew its holdings in shares of Hillman Solutions by 1.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 1,637,883 shares of the company's stock valued at $15,953,000 after purchasing an additional 26,832 shares during the last quarter. Reinhart Partners LLC. raised its position in shares of Hillman Solutions by 1.7% during the 4th quarter. Reinhart Partners LLC. now owns 7,612,474 shares of the company's stock worth $74,145,000 after purchasing an additional 130,273 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Hillman Solutions by 28.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 93,453 shares of the company's stock worth $910,000 after purchasing an additional 20,920 shares during the last quarter. 98.11% of the stock is owned by institutional investors and hedge funds.
About Hillman Solutions
(
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Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.
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